International Journal of Fuzzy Logic Systems (IJFLS) Vol.6, No.2, April 2016
OPTIMAL ALTERNATIVE SELECTION USING MOORA IN INDUSTRIAL SECTOR - A REVIEW Karuppanna Prasad N1 and Sekar K2 1
2
Technical Training Centre, TVS Training and Services Ltd, Chennai, India
and Department of Mechanical Engineering, National Institute of Technology, Calicut, India
ABSTRACT Modern manufacturing organizations tend to face versatile challenges due to globalization, modern lifestyle trends and rapid market requirements from both locally and globally placed competitors. The organizations faces high stress from dual perspective namely enhancement in science and technology and development of modern strategies. In such an instance, organizations were in a need of using an effective decision making tool that chooses out optimal alternative that reduces time, complexity and highly simplified. This paper explores a usage of new multi criteria decision making tool known as MOORA for selecting the best alternatives by examining various case study. The study was covered up in two fold manner by comparing MOORA with other MCDM and MADM approaches to identify its advantage for selecting optimal alternative, followed by extending MOORA with interval grey numbers, crisp and interval grey number and whitening coefficient and future scope of the present work concentrate on highlighting the scope and gap between MOORA, Multiplicative form of MOORA(MULTIMOORA) and Multi objective optimization on the basis of simple ratio analysis (MOOSRA) for numerous manufacturing and service applications.
KEYWORDS: MADM, MCDM, MOORA, optimization, manufacturing sector, service sector
1. INTRODUCTION In modern trend, manufacturing organizations tend to face versatile challenges due to globalization, modern lifestyle trends and rapid market requirements from both locally and globally placed competitors [30] [34]. Modern organizations were in a need to improve their overall performance in market and build up a competitive advantage [32]. To improve the overall performance, organization had to deliver enhanced quality products for pacifying the customers [17]. The delivery of embarked quality products was commonly differentiated into three index values such as customer expected level, satisfaction level and achieved level of quality [12]. The improvement in satisfaction level of quality was declined, since many conventional manufacturing units faces high stress from dual perspectives namely enhancement in science and DOI : 10.5121/ijfls.2016.6201
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